COMMONWEALTH Bank of Australia (CBA) will sell its asset management arm to Mitsubishi UFJ Financial Group (MUFG) for US$2.9 billion in a surprise sale, the latest business to be sold by an Australian...

[SYDNEY] Mitsubishi UFJ Financial Group Inc. agreed to buy Commonwealth Bank of Australia's global asset management unit for A$4.13 billion (S$4.06 billion)...

[BENGALURU] Australia's financial index hits near 2-year low as banks continue to face inquiry headwinds...

[BENGALURU] Commonwealth Bank of Australia named Alan Docherty on Monday as its chief financial officer, following the unexpected departure of Rob Jesudason from the post earlier this year as the...

[SYDNEY] The chief executive of Australia's biggest bank said on Thursday a money-laundering scandal was the greatest disappointment of his career, as he faced his first public questioning since...

[SYDNEY] Australia's biggest bank, Commonwealth Bank of Australia, posted a slide in annual profits on Wednesday, capping a tumultuous year for a troubled lender which has been rocked by...

[SYDNEY] Australia's government called for more banks to challenge the industry's oligopoly on Friday, after the country's top economic adviser said the "Big Four" lenders...

[SYDNEY] Commonwealth Bank of Australia (CBA) and Australia and New Zealand (ANZ) Banking Group have halted sales of complex pension products without proper advice to banking customers at their...

COMMONWEALTH Bank of Australia (CBA) said it would hive off its wealth management and mortgage broking businesses, and explore whether to divest its general insurance arm, as it narrows its focus...

[SYDNEY] Commonwealth, Australia's biggest bank, announced plans on Monday to spin off its wealth management and mortgage-broking arms as it looks to streamline operations and focus on core...